The debut of Donald Trump’s Truth Social took centre stage on Tuesday as the platform’s parent company, Digital World Acquisition, went public, valuing the budding social network at over $9 billion. Digital World Acquisition, the entity merging with Trump Media & Technology, witnessed a surge in its shares, rallying by over 40% since the start […]
Ocean Harvesting Technologies AB, the developer of the wave energy converter InfinityWEC, is raising 500,000 Euro to fund a design update of its technology and prepare for upcoming sea trials. Since 2017, Ocean Harvesting has been dedicated to the development of the InfinityWEC wave energy converter. Recent efforts have focused on refining the ball screw […]
Greensphere Capital, a prominent investment adviser, has successfully secured £66.3 million in conditional capital for its Gaia Sciences Innovation fund. This fund aims to support businesses that leverage innovation and intellectual property from leading British bioscience and environmental science institutes to address climate change and biodiversity loss. The fundraising effort was led by the UK […]
The Minister of Economy, Finance, and Denationalization Programs of Benin, Romuald Wadagni, officially signed a Memorandum of Understanding with Tim Reid, the CEO of UK Export Finance, in the presence of Harriet Thompson, Non-Resident Ambassador to Benin and Non-Resident High Commissioner to Togo. UK Export Finance convened meetings with ministers from both governments to indicate […]
Funding Circle, a prominent fintech firm specialising in small business lending, announced today a strategic shift in its operations aimed at curbing losses and revitalising its share value. Alongside its release of full-year results, the London-listed company unveiled plans for a £25 million share buyback initiative and disclosed intentions to divest its struggling US division. […]
OOSC Clothing, a pioneering skiwear brand renowned for its eco-friendly ethos, is poised for international growth with a significant financing package secured through UK Export Finance (UKEF) in partnership with HSBC UK. Based in Worcestershire and London, OOSC is renowned for its retro-styled ski, gym, and swimwear crafted from recycled materials, including plastic bottles, fishing […]
Tagomics, a trailblazing developer of a state-of-the-art platform for comprehensive disease insight and diagnosis, has announced a successful £6.7 million funding round. This milestone comes on the heels of a £1.6 million pre-seed round led by IQ Capital and Start Codon, supplemented by grant funding from Innovate UK. The infusion of capital will expedite Tagomics’ […]
The Made Smarter Innovation Challenge, part of UKRI’s Made Smarter Innovation (MSI) Challenge, has awarded significant grants totalling £3.7 million to advance smart factory projects in the UK. These grants, ranging from £107,000 to £535,000, have been allocated to 11 late-stage robotics and automation projects aimed at enhancing energy efficiency, productivity, and growth across manufacturing […]
Global investors distanced themselves from purportedly ‘ethical’ funds last year, pulling out over $10 billion amidst allegations of greenwashing. Between 2020 and 2022, investors poured six times more capital into funds purportedly supporting companies with high ethical, social, and governance (ESG) standards compared to traditional equities. However, the tide turned against the sector last year, […]
Spacegoods, a next-generation wellness brand specialising in functional mushrooms and nootropics, has raised a £2.5M seed round. The investment was led by FoodTech specialist venture capital firm Five Seasons Ventures, with participation from Redrice Ventures, Slingshot Ventures, and G-FUND. The investment will enable Spacegoods to solidify its position as the leading mushroom-based wellness brand in […]